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Canadian Dollar finds room for recovery in quiet Monday action
Canadian Dollar moves broadly higher in Monday rebound. Canada data is thin until Friday’s labor figures. Rate markets put odds of September Fed rate cut at 65%. The Canadian Dollar (CAD) is experiencing a moderate rebound on Monday, recovering ground that was lost late last week during the risk-off
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Yen Reverses Against Majors
The Japanese yen reversed from early gains against other major currencies in the Asian session on Monday, although the Japanese stock market is closed for Children's Day holiday on the day. The safe-haven currency rose against its major rivals in the last week, following suspected intervention from
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European Shares Seen Mixed As Fed Sounds Less Hawkish Than Feared
European stocks are likely to open mixed on Thursday as traders return from the May Day holiday. The downside, if any, may remain limited after the U.S. Federal Reserve sounded less hawkish than many had feared. Fed Chair Jerome Powell signaled potential rate cuts but warned of high inflation and un
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BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia's Public Investment Fund (PIF), the kingdom's sovereign wealth fund. The announcement Tuesday followed the signing of a memorandum of understanding between BlackRock
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